Airbnb can withstand economic resilience with elastic online residence: Analyst – Airbnb (Nasdaq: Abnb)
Da Davidson Analyst Tom White upgrade Airbnb, Inc. Abnb From neutral to purchase, cutting price expectations from $ 170 to $ 155.
The analyst writes that although spending on entertainment travel is not fully protected from economic deflation – as shown during the global financial crisis – it is possible that electronic residence and alternative residence will remain relatively flexible.
This is due to the ongoing global shift towards digital reservations, with the presence of major OTAS such as reservations and Expedia after total reservations have grown even during the global financial crisis, with the help of M&A, adds White.
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In addition, Airbnb’s vast stock of more than eight million list in more than 240 regions is a good position to meet the various budget needs.
The ability initiatives to bear the recent costs, such as pricing and discounts for long stays, helped to install the average prices in the past year, even as hotel prices rise.
White states that the new Airbnb technology products course can bring a large new revenue flow to the company’s light asset model.
After 23 % decreased in the stock last year, it is traded with complications less than the historical average and compared to some of its peers.
White shared that Airbnb was added to the best BINES list in Da Davidson, which highlights the higher -level companies with long -term capabilities.
According to the analyst, Airbnb 11 of 12 meets main criteria, with the support of its main situation in the market, strong illusion, healthy cash flow, and evaluation that is seen as less than its long -term value.
2025 white revenue capabilities by 2.5 % due to the overall opposite winds and potential stagnation. The profits were also modified before the benefits, taxes, depreciation and consumption of 2025 by 4 %.
Price work: ABNB shares closed by 2.84 % to $ 121.92 on Wednesday.
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Photography by Boumen Japet via Shutterstock
